Get started
SureFire_Trader

#AUDUSD may run into resistance - Don't buy NOW

Long
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
SureFire_Trader  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis
2
0
trendanalysis chartpattern waveanalysis
It may appear Aussie is reversing strongly to the upside. But be careful. The price could likely come under pressure at around 0.760 - 0.765 area and then drop. Expect to see price challenging 0.741 low and drop towards 0.735 or lower. That will be my buy entry (+500 pip potential). Definitely this is the trade I am watching closely for a nice long entry. Please do visit my website for more trade news.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.